MMT Corporation reports the following income statement items ($ in millions) for the year ended December 31, 2024: sales revenue, $2,125; cost of goods sold, $1,290; selling expense, $140; general and administrative expense, $130; interest expense, $55; and gain on sale of investments, $70. Income tax expense has not yet been recorded. The income tax rate is 25%. Required: Prepare a single-step income statement